Approach #3: Cheat

One way to avoid the multi-step process of brainstorming niches, evaluating demand and selecting a product is to jump right to a product idea. And why not start with some inspiration to stretch and mold into a niche you're familiar with?

"For ongoing inspiration, I subscribe to every one of the following blogs. Even when I'm not prepared to build a product I scribble a note about an idea that I keep for review when I'm ready to build my next application.